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Caterpillar Inc.

Caterpillar Inc.

NYSE•CAT
CEO: Mr. D. James Umpleby III
Sector: Industrials
Industry: Agricultural - Machinery
Listing Date: 1929-12-02
Caterpillar Inc. manufactures and sells construction and mining equipment, off-highway diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives in worldwide. Its Construction Industries segment offers asphalt pavers, compactors, road reclaimers, forestry machines, cold planers, material handlers, track-type tractors, excavators, telehandlers, motor graders, and pipelayers; compact track, wheel, track-type, backhoe, and skid steer loaders; and related parts and tools. The company's Resource Industries segment provides electric rope and hydraulic shovels, draglines, rotary drills, hard rock vehicles, tractors, mining trucks, wheel loaders, off-highway and articulated trucks, wheel tractor scrapers and dozers, fleet management products, landfill and soil compactors, machinery components, autonomous ready vehicles and solutions, work tools, and safety services and mining performance solutions, as well as related parts and services. Its Energy & Transportation segment offers reciprocating engine powered generator sets; reciprocating engines, drivetrain, and integrated systems and solutions; turbines, centrifugal gas compressors, and related services; and diesel-electric locomotives and components, and other rail-related products. The company's Financial Products segment provides operating and finance leases, installment sale contracts, revolving charge accounts, repair/rebuild financing services, working capital loans, and wholesale financing; and insurance and risk management products and services. Its All Other Operating segment offers filters and fluids, undercarriage, ground engaging tools, fluid transfer products, precision seals, and rubber sealing and connecting components; parts distribution; logistics solutions and distribution services; brand management and marketing strategy services; and digital investments services. Caterpillar Inc. was founded in 1925 and is headquartered in Irving, Texas.
Contact Information
5205 North O'Connor Boulevard, Suite 100, Irving, TX, 75039, United States
972-891-7700
www.caterpillar.com
Market Cap
$272.85B
P/E (TTM)
29.5
27.8
Dividend Yield
1.0%
52W High
$627.50
52W Low
$267.30
52W Range
87%
Rank37Top 25.8%
4.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$17.64B+9.51%
4-Quarter Trend

EPS

$4.89-3.93%
4-Quarter Trend

FCF

$4.59B+61.24%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Q3 Revenue Surges 10 Percent Total sales and revenues reached $17.638 B USD for the third quarter, marking a strong 10 percent increase year-over-year.
Strong Equipment Sales Volume Sales volume provided $1.554 B USD boost to Q3 revenues, driven mainly by higher equipment sales to end users globally.
Solid Enterprise Cash Position Enterprise cash ended the third quarter at $7.5 B USD, supporting liquidity and financial flexibility for ongoing operations.
Nine Month Profit Declines Nine months profit was $6.482 B USD, a decrease of $1.519 B USD from prior year results, impacting diluted EPS.

Risk Factors

Incremental Tariff Cost Exposure Expect incremental tariff impact for 2025 between $1.6 B and $1.75 B USD, net of mitigating actions and cost controls.
Margin Compression Continues Third quarter operating margin fell to 17.3 percent from 19.5 percent due to unfavorable manufacturing costs and price realization.
Resource Industry Sales Lower Resource Industries anticipates lower equipment sales in 2025 as customers maintain capital discipline amid commodity price shifts.
Credit Rating Downgrade Risk Deterioration in major credit ratings could increase borrowing costs and potentially limit access to debt markets availability.

Outlook

Modest Full-Year Revenue Growth Expect full-year 2025 sales and revenues to increase modestly compared to 2024 results; services revenues expected flat.
Planned Capital Expenditure Budget Anticipate 2025 capital expenditures around $2.5 B USD, focused on funding strategic growth initiatives and sustainability efforts.
Restructuring Costs Forecasted Expect 2025 restructuring costs between $300 M and $350 M USD, with prior actions providing $30 M benefit to costs.
RPMGlobal Acquisition Agreement Entered definitive agreement to acquire RPMGlobal Holdings Limited, an Australian software company; closing expected Q1 2026.

Peer Comparison

Revenue (TTM)

RTX CorporationRTX
$85.99B
+8.8%
Caterpillar Inc.CAT
$64.67B
-1.5%
Deere & CompanyDE
$44.66B
-11.6%

Gross Margin (Latest Quarter)

Eaton Corporation plcETN
38.3%
-0.2pp
GE AerospaceGE
36.5%
-0.3pp
Deere & CompanyDE
35.9%
-1.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
GE$332.83B41.842.1%16.2%
CAT$272.85B29.548.2%34.4%
RTX$248.68B37.810.6%24.1%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.8%
Moderate Growth
4Q Net Income CAGR
-6.4%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 29, 2026
|
EPS:$4.54
|
Revenue:$17.81B
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|
    Revenue: $17.64B+9.5%
    |
    EPS: $4.89-3.9%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $16.57B-0.7%
    |
    EPS: $4.64-15.6%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $14.25B-9.8%
    |
    EPS: $4.22-27.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 14, 2025|
    Revenue: $64.81B-3.4%
    |
    EPS: $22.17+9.5%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $16.11B-4.2%
    |
    EPS: $5.09-7.1%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $16.69B-3.6%
    |
    EPS: $5.50-3.5%
    Meet
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 1, 2024|
    Revenue: $15.80B-0.4%
    |
    EPS: $5.78+53.7%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 16, 2024|
    Revenue: $67.06B+12.8%
    |
    EPS: $20.24+59.0%
    Beat